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World’s first digital shipping company will form in 2019

Dec 31, 2018

Shipping container company Loginno is leading an all-star initiative to select one shipping company whose entire container fleet will be digitalized in 2019.

This initiative is called “The Contopia Factor,” or TCF for short, a paraphrase of a reality show using a new buzzword. Contopia (a mesh of “Container” and “Utopia”), is a term used to describe a world where every shipping container is real-time IoT-connected.

During a six-month process, shipping companies of mid to small size will have the chance to submit an executive summary, detailing what they will do if they are selected to equip their entire fleet with Loginno’s patented AGAM devices. A panel of industry leaders will then decide who will be the winner to be propelled to the forefront of marine innovation.

“The benefits to the selected shipping company are huge,” said Nir Gartzman, co-founder of theDOCK, a leading global maritime innovation hub, who is also a partner in TCF.

“First and foremost, the selected shipping company will be forever etched in history as the first shipping company to go full digital on their container fleet,” he said,”but not only that: creating Contopia will have a significant effect on the bottom line of that shipping company, decreasing operational costs, and gaining competitive advantages because of the upgraded services they could offer their customers.”

theDOCK is part of a group of Contopia partners, all innovation leaders and market leaders, such as Lloyd’s Register (classification and marine services market), Sunwoda (electronics manufacturing) and IAI (defense innovation), with more to be unveiled soon.

Dr Rami Pugatch, one of the leading operations researchers at the department of industrial engineering and management at BGU, itself a TCF partner, said, “We are going to create a unique sandbox, previously unseen in the marine sector, in which many Contopia use cases could be tested in real-life scenarios.”

Some of the use cases include onboarding of scale-less weight measurement, development of a “Cyber Seal” certificate to replace a container’s physical seal, as well as use cases in operational optimization, supply chain management, smart cargo insurance and frictionless country borders.

“The shipping industry is ripe for disruption and for a dramatic technological upgrade,” said Shachar Tal, Loginno co-founder.

The competition is open for proposals by eligible shipping companies until mid-March 2019 at http://bit.ly/Contopia.